BlockFills, a crypto trading firm, has temporarily suspended client deposits and withdrawals, citing recent market and financial stress. The company announced the move on X, saying the pause—implemented last week—is a protective measure intended to preserve liquidity for both clients and the firm. Despite the restriction on cash flows, BlockFills says trading functionality remains available. Clients can still open and close positions across spot markets and derivatives and handle select other trading activities, enabling them to manage existing exposure even while deposits and withdrawals are paused. The firm did not give a timeline for when normal deposit and withdrawal services will resume. BlockFills framed the decision as a liquidity safeguard during a period of heightened uncertainty. “Management has been working hand in hand with investors and clients to bring this issue to a swift resolution and to restore liquidity to the platform,” the company said. It also emphasized transparency—holding information sessions and giving customers opportunities to ask senior management questions—with further updates promised as the situation develops. The announcement comes amid notable market volatility: Bitcoin fell from the low $70,000s to a weekly low in the mid-$60,000s before recovering toward roughly $67,000 at press time. That turbulence has put liquidity management under greater scrutiny across crypto trading firms, testing operational resilience and prompting a range of risk-mitigation actions industry-wide. BlockFills’ move joins a string of recent precautionary steps by crypto firms as markets remain choppy; the company’s continued client communications will be key to watching how and when normal services are restored. Read more AI-generated news on: undefined/news

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